SAC Exec To Testify At Steinberg's Insider Trading Trial

Law360, New York (November 14, 2013, 7:08 PM EST) -- The chief financial officer of hedge fund SAC Capital Advisors LP will be called to testify against Michael Steinberg, a SAC portfolio manager charged with insider trading, prosecutors said Thursday.

SAC’s Daniel Berkowitz will be the first witness to testify for the government against Steinberg,  Assistant U.S. Attorney Antonia Apps said at a court conference in Manhattan federal court. The government also intends to call ex-fund analyst Jesse Tortora, an insider trader who became a cooperator and helped convict two other portfolio managers, she said....
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